With the federal government's changes to the housing industry coming into effect on October 17th and November 30th, it is important to let your voice be heard. Please sign this petition to signal to the federal government that competition ... Read More

The Government announced on January 17th that they will be making changes to their government backed mortgages. Namely, any mortgage that has less than 20% as a downpayment (with a few exceptions). The changes are very important and may affect you. ... Read More

Bank of Canada increased their overnight rate on July 20, 2010 by .25% which brings the prime rate to 2.75%. Variable rates are still a great deal and now the best 5 year closed variable is at prime - .65% or 2.10%.
To watch to video clip from ... Read More

As widely speculated, the Bank of Canada has increased their overnight rate by .25%.. How does this affect you? Well if you are in a variable rate mortgage then expect the prime rate to increase from 2.25% to 2.50% and your payment to increase by ... Read More

The Bank of Canada is expected by many economists to raise short-term interest rates in June or July, prompting many homebuyers and mortgage holders to ask whether a variable-rate mortgage or a fixed-rate mortgage is best for them.
How, exactly, ... Read More

Take a look at the Global News - Consumer SOS report from April 20th where a discussion of interest rates took place on the heels of the Bank of Canada overnight rate announcement:
click here for the link ... Read More

The new mortgage rules that the Federal Government has imposed take effect today. Here are the new rules and how they may affect you:
1. Qualifying rates have changed for variable rates and fixed rates with terms of 1-4 years for mortgages that ... Read More

Looks like the Governor of the Bank of Canada, Mark Carney doesn't agree with Canadian banks that there is a housing bubble in the making. Luckily, Finance Minister Jim Flaherty has been convinced of the same...for now, but this may change ... Read More